Harland and Wolff

To ask the Secretary of State for Northern Ireland who will be the shareholders and in what percentage under the proposed management buy-out of Messrs Harland and Wolff in co-operation with Mr. Olsen; and if he will make a statement.

[holding answer 2 May 1989]: The shareholders in the proposed management buy-out of Harland and Wolff plc will consist of present management
127W
and employees and Mr. Olsen through two of his companies. The issue of shares in the new company is a matter for those parties, but I understand that the precise allocation of shares in the new company has not yet been finally agreed.